Sale of Qetaifan Island North Phase 2 Villa Plots Exceeds QAR1 Billion in 12 Months
Qetaifan Projects announced the awarding of reservations for Qetaifan Island North’s Phase 2 Villa plots during a ceremony at the Ritz-Carlton, Doha. Investors bid on the first down payment to own a plot in the island. Qetaifan Projects is owned by Katara Hospitality.
The bidding was led by HE Sheikh Nawaf bin Jassim bin Jabor Al Thani, Chairman of the Board of Directors of Katara Hospitality and Qetaifan Projects, and HE Sheikh Nasser bin Abdul Rahman Al Thani, Managing Director of Qetaifan Projects and Deputy Chairman of Katara Hospitality.
Officials and executives from the government and private sector attended the event, together with investors wishing to own a property in Qetaifan Island North. Attendees adhere to precautionary and preventive measures set by the Supreme Committee for Crisis Management and the Ministry of Public Health (MoPH).
HE Sheikh Nawaf bin Jassim bin Jabor Al Thani affirmed that the demand for investment in Phase 1 of Qetaifan Island North reflects the position the company has reached in the local real estate development market. The project represents a starting point for the company to develop more projects and serving various state sectors.
According to HE Sheikh Al Thani, investors aspire to benefit from the returns of the Qetaifan Island North project following the ‘safe environment’ achieved by the state to encourage and attract foreign investments and create new opportunities. He said that the current state will positively affect the local market and will encourage competition and inspire the different sectors. Especially as these sectors witnessed a remarkable revitalisation recently.
Strengthening Qatar’s Tourism and Hospitality Industries
Qetaifan Island North is part of Lusail city and features seven beaches, making it a distinctive waterfront for the city. The island spans 1.3 million sqm, and the area of projects on the island extends to approximately 830,000 sqm.
Qetaifan Island North also serves to complement the 2022 FIFA World Cup, as it provides modern facilities capable of accommodating a large number of hotels, retail outlets, restaurants and unique recreational facilities such as a waterpark and vast green spaces. Qetaifan Island North represents a commitment to investing in the development of the tourism industry and strengthening the hospitality sector in Qatar.
The bidding event witnessed a big turn out of investors and owners, who want to own a property in Qetaifan Island North. The new real estate product, which was launched for the first time in Qatar, has witnessed a remarkable demand from investors.
Another Exclusive ‘Product’ in Qetaifan Island North
Since Qetaifan Projects is keen on providing equal opportunities and to ensure transparency, the same sales mechanism that was used in Phase 1 was applied – bidding on the first payment in front of all investors wishing to own a property in Qetaifan Island North.
We promise the new investors and those wishing to own a property in Qetaifan Island North that this is not the end, that we still have more distinctive real estate products in our portfolio that will actively contribute to reshaping and developing the real estate development market in Qatar.
And on this occasion, Qetaifan Projects is proud to launch our new residential product – the ‘Duplex’ unit, available in limited quantities within the South mid-rise towers on the marina.
These new distinct units are characterised by unprecedented privacy in terms of design, as each unit has a swimming pool, parking lot and its own garden, in addition to a private entrance, a spa, and separate rooms for workers. The units have an average area of 450 sqm, and will be launched at the end of the first quarter of next year.
International Recognition Despite COVID-19
‘As if nothing happened’, is how HE Sheikh Nasser Al Thani described the year 2020.
He said that this year witnessed many challenges that may seem as obstacles to some, but which they, at Qetaifan Projects have succeeded in overcoming, and turned into opportunities.
First, and since Qetaifan Projects is keen to ensure good health for everyone, we have worked to develop a strict plan to adhere to all preventive measures set by the Supreme Committee for Crisis Management and MoPH, in order to ensure the work progress without affecting the schedule of the project.
He said that they achieved over five million working hours on site without any injuries, other than the small number that was replaced among the 7,000 workers who work 24 hours a day, seven days a week.
They also signed a contract with Sarner International to implement the edutainment tour in the waterpark, which will witness 3D mapping and augmented reality about the story of oil and gas discovery in Qatar, and signed with Interlink Company and Severn Lamb to manufacture the trains that will connect the waterpark with the Icon Island.
Their Finance Team got the accreditation of the Association of Chartered Certified Accountants; seven employees received memberships at the Chartered Institute of Marketing; and the Marketing Department received the Marcom Award for Excellence and Innovation for their Phase 1 sales campaign.
The have been awarded the Best Place to Work in Doha, and the Best Real Estate Development Company in Qatar 2020 from the Global Business Outlook, and one of their most important achievements – dependence on the local market, which reached 90%.
In closing, HE Sheikh Nasser Al Thani said they always strive to keep pace with the development in the country, providing innovative real estate solutions on par with international standards. He said that they still have more plans and products that will enrich the real estate development market in Qatar, all at competitive prices.
Visit qetaifanprojects.com to learn more about the Qetaifan Island North.
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